Kathleen Swan

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Locke Lord is excited to participate during Selection Days as a partner of the Hartford InsurTech Hub on November 12-13, 2019. During Selection Days, investors, partners and mentors will meet with 21 promising startups, 10 of which the Hartford InsurTech Hub will welcome for their accelerator program beginning in mid-February.
Read More Locke Lord is Excited to Participate During Selection Days at the Hartford InsurTech Hub

You have now raised capital initially using a Convertible Promissory Note and soon, your Series A Preferred Stock; you now have a Board of Directors with three members – and there may be five including one or more Independent Directors; you are further expanding your management team – and have established an Option Plan under which you can issue both ISOs and NQSO.
Read More What Every InsurTech Should Know About Accountants

You are executing on your strategic plan; you have a fully developed product; you have ‎expanded your team; you have deployed ALL the proceeds from your initial Convertible Notes; ‎and you need additional capital to further scale the Entity.‎…
Read More What Every InsurTech Entrepreneur Should Anticipate in Issuing Series A Preferred Stock

You have a strategic plan; You have an MVP; You have a Team; and You have an Investor!

Both you and the Investor believe in the potential of the Entity. What the exact “potential” is, however, still a matter under discussion.

You hope that the Entity will grow quickly and you will need to sell less equity for the cash you need to scale; the Investor wants to maximize its return – including being well compensated for investing early on and providing essential early-stage funding and support.

However, the truth is that you need money NOW!

What to do?
Read More What Every InsurTech Entrepreneur Should Know About Convertible Promissory Notes and SAFE Agreements

You have a strategic plan, an MVP (minimum viable product), a management team, a place to work, ‎and your first investor. But before you take that investment, there are some key legal issues you ‎may want to consider before formally launching your InsurTech company.
Read More Top Ten Legal Issues Every InsurTech Entrepreneur Should Understand